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Single Family House for Sale in College Point, New York, Queens, NY 11356 | Web ID: 846468 | $1,180,000

 
Single Family in New York - 14th  Queens, NY 11356Single Family 14th  Queens, NY 11356, MLS-846468-2Single Family 14th  Queens, NY 11356, MLS-846468-3Single Family 14th  Queens, NY 11356, MLS-846468-4Single Family 14th  Queens, NY 11356, MLS-846468-5Single Family 14th  Queens, NY 11356, MLS-846468-6Single Family 14th  Queens, NY 11356, MLS-846468-7Single Family 14th  Queens, NY 11356, MLS-846468-8Single Family 14th  Queens, NY 11356, MLS-846468-9Single Family 14th  Queens, NY 11356, MLS-846468-10Single Family 14th  Queens, NY 11356, MLS-846468-11Single Family 14th  Queens, NY 11356, MLS-846468-12Single Family 14th  Queens, NY 11356, MLS-846468-13Single Family 14th  Queens, NY 11356, MLS-846468-14
 

Property Description

Exceptional Investment Opportunity In The Heart Of College Point Introducing 116-01 & 116-03 14th Road—two Mixed-use Buildings Being Sold Together As One Rare And Valuable Package. Located On A Corner Lot Just Off College Point Boulevard, This Property Offers Strong Income Potential, Flexible Usage, And Long-term Upside. Set On A Corner Lot With R4-1 Zoning, The Buildings Feature A Total Of Four Free Market Residential Units (two Two-bedroom Each Apartment), Two Ground-floor Commercial Spaces And Private Back Yard. It’s A Well-rounded Asset Offering Multiple Income Streams. The Current Setup Includes A Commercial Tenant Who Leases Both Stores Along With The Basement, Rear Yard. Two Of The Four Residential Units Are Currently Vacant, Offering Immediate Leasing Opportunity Or Renovation Upside. With All Units Fully Leased At Market Rents, The Projected Gross Annual Income Exceeds $150, 000, Offering A Potential Cap Rate Of Approximately 12%. Tenants Are Responsible For Their Own Electricity Keeping Operating Expenses Low. Sold As-is With Tenants In Place, This Is A Standout Investment In A Convenient Location Close To Shops, Schools, And Public Transportation. Don’t Miss This Chance To Acquire A High-potential, Income-generating Property In Growing College Point. All Info Deems Accurate Need To Verify By Potential Buyers*

Property Information

Location/Town New York
Area/County Queens
Post Office/Postal City College Point
Prop. Type Single Family House for Sale
Tax $14,765.00
Bedrooms 8
Total Baths 4
Full Baths 4
Year Built 1924
Basement Full, Partially Finished
Construction Brick
Total Units 4
Lot SqFt 2,773
Cooling Wall/Window Unit(s)
Heat Source Electric, Other
Util Incl See Remarks
Days On Market 34
Units 4
School District Queens 25
Middle School Jhs 194 William Carr
Elementary School Ps 129 Patricia Larkin
High School Flushing High School
Features Other
Listing information courtesy of: B Square Realty

RealtyDepotNY

Tel: 718-896-0777
Cell: 347-219-2037
Fax: 718-896-7020

 

 

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  • 103-13 Queens Blvd., Forest Hills, NY 11375
  • Email: info@realtydepotny.com
  • Phone: 718-896-0777
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